LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Indigo’s Q3FY18 net profit rises by 56% yoy; surpasses' estimates

A Bloomberg poll of experts project Indigo’s revenue and net profit during Q3FY18, to be around Rs 660 crore and Rs 6,010 crore respectively.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Indigo’s Q3FY18 net profit rises by 56% yoy; surpasses' estimates
An Interglobe Aviation (Indigo) aircraft takes off. Photo: IANS
Written By: ZeeBiz WebTeam
Updated: Wed, Jan 24, 2018
03:46 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
IndiGo's select flights from Mumbai Airport from March 10 IndiGo's select flights from Mumbai Airport from March 10
Patna: Murdered IndiGo airlines manager's family demands CBI probe Patna: Murdered IndiGo airlines manager's family demands CBI probe
IndiGo looks to achieve pre-Covid traffic levels in next few months IndiGo looks to achieve pre-Covid traffic levels in next few months
SpiceJet and Indigo share prices: HSBC highlights key pointers in the Aviation Sector SpiceJet and Indigo share prices: HSBC highlights key pointers in the Aviation Sector
IndiGo introduces service fee for check-in counter usage IndiGo introduces service fee for check-in counter usage

Interglobe Aviation (Indigo) surpassed analysts estimate in both topline (revenue) and bottomline (profit) performance for the third quarter ended December 31, 2017 (Q3FY18).

Indigo posted net profit of Rs 762.03 crore in Q3FY18, witnessing a whopping 56.41% rise as compared to net profit of Rs 487.20 crore in the corresponding period of the previous year.

Q3FY18 net profit also increased by  38.16% from Rs 551.55 crore in the preceding quarter (Q2FY18).

Meantime, revenue from operations came in at Rs 6,177.88 crore in Q3, registering growth of 23.89% from Rs 4,986.49 crore in Q3FY17 and up by 16.76% as against Rs 5,290.98 crore of Q2FY18.

A Bloomberg poll of experts project Indigo’s revenue and net profit during Q3FY18, to be around Rs 660 crore and Rs 6,010 crore respectively.

Indigo said, “Profitability for the quarter was favourably impacted due to better revenue management as well as credits received from our manufacturers.”

While EBITDA (operating profit) stood at Rs 2,001.89 crore during Q3FY19, along with margin of 32.4%. During Q3FY17, Indigo’s EBITDA was at Rs 1,460.56 crore with margin of 29.3%.

This Q3, Indigo’s Available Seat Kilometer (ASK) was at 16.3 billion - up by 13% from 14.4 billion a year ago same period. While it’s Revenue Passenger Kilometers (RPK) was at 14.4 billion - which grew by 14.6% versus 12.6 billion similar period last year.

Indigo’s load increased by 1.2 points to 88.5% in Q3FY18 versus 87.3% of Q3FY17.

Aditya Ghosh, President and Whole-Time Director at Indigo said, “Last quarter was also special to us because we carried our 200 millionth customer and now operate more than thousand flights a day. I am also happy to state that Indigo has been ranked as one of the top 5 mega airlines globally in terms of on-time performance.”

Ghosh added, “These milestones reaffirm Indigo’s commitment of providing our fliers with an on-time, hassle free experience at low fares, always.”

For fourth quarter of FY18, Indigo estimates it’s year-over-year capacity increase in ASKs to be at 24%.

Ghosh also announced that, “we delivered on our promise of starting our regional operations with our ATR aircraft which will enable us to provide connectivity to many more cities in India.”

As on December 2017, Indigo had a total cash of Rs 13,887.35 crore  - comprising of Rs 8,097.82 crore in cash and Rs 5,789.54 crore in restricted cash.

Total debt of Indigo stands at Rs 2,432.63 crore in Q3FY18.

The entire debt is aircraft related, and the company does not have any working capital debt.

On Tuesday, share price of Indigo closed at Rs 1,237.90 per piece on BSE, higher by Rs 44.15 or 3.70%

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
IndiGoInterGlobe AviationIndiGo share priceIndigo Q3FY18IndiGo net profitIndiGo revenueIndigo debtIndigo financial performanceQFY18MarketsAviation
RELATED NEWS
IndiGo's select flights from Mumbai Airport from March 10 IndiGo's select flights from Mumbai Airport from March 10
Patna: Murdered IndiGo airlines manager's family demands CBI probe Patna: Murdered IndiGo airlines manager's family demands CBI probe
IndiGo looks to achieve pre-Covid traffic levels in next few months IndiGo looks to achieve pre-Covid traffic levels in next few months
SpiceJet and Indigo share prices: HSBC highlights key pointers in the Aviation Sector SpiceJet and Indigo share prices: HSBC highlights key pointers in the Aviation Sector
IndiGo introduces service fee for check-in counter usage IndiGo introduces service fee for check-in counter usage

LATEST NEWS

Sovereign Gold Bonds 2020-21 scheme: Check opening, closing dates and rates

Homebuyers alert! Avoid real estate troubles by knowing these top 5 things before buying flat in 2021

Successful! Indian rocket PSLV puts Brazil's Amazonia-1 satellite into orbit

Apple, Croma join hands on Steve Jobs' birth anniversary

New Inbase smartwatch Urban LYF is here - Check features, offers, promo code and more

Historic moment! New era of space reforms in India! PM Narendra Modi hails 1st dedicated commercial launch of PSLV-C51/Amazonia-1 Mission

Salaar Movie Prabhas: Release Date, Cast, Poster, Heroine - Confirmed! Another blockbuster from KGF makers?

Big insurance offers! 80-100 per cent discounts - All you need to know about renewal of health policies

Centre finalises One District One Focus Product to promote in cluster approach

'Improved economic environment to boost FY21 credit growth'

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved